For Many, Estate Planning Is Inaccessible
Estate planning is inaccessible to many people with some groups more affected than others.
We’re Only Human
Whether we’re avoiding the future, avoiding thinking about death or simply procrastinating, estate planning is thwarted by human nature.
We Set Up Estate Plans To Take Care Of Our Families
70%
consider handing down wealth a personal goal
We’re Procrastinators And Avoiders
40%
haven’t gotten around to setting up an estate plan, although 70% say they eventually will
45%
actively avoid thinking about death (especially men and 51% of millennials)
45%
believe it’s inappropriate to talk about money with friends, missing out on valuable financial advice
Say the hardest part of estate planning is knowing how to start
Say the hardest part of estate planning is knowing how to start
Say the hardest part of estate planning is knowing how to start
POC & Rural Residents
Non White People Are Less Likely To Do Estate Planning
37%
Haven’t Gotten Around To Setting Up An Estate Plan, Although 70% Say They Eventually Will
And Rural Residents…
36%
Have an estate plan in place
27%
Consider themselves knowledgeable on estate planning process
2X
As likely to find the process challenging and call it “tedious"
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